To be able to list on a national bourse, companies require higher paid-up capital and net worth and need to comply with stricter listing norms. To be able to list on a national bourse, companies require higher paid-up capital and net worth and need to comply with stricter listing norms. A dissemination board provides an 18-month window for exclusively listed firms to either get listed on a national stock exchange or sell their businesses to another party. Around 1,000 firms from the dissemination boards either got directly listed on nationwide bourses or exited their businesses altogether. The Hyderabad Securities and Enterprises Ltd (erstwhile Hyderabad Stock Exchange), Coimbatore Stock Exchange Ltd, Saurashtra Kutch Stock Exchange Ltd, Mangalore Stock Exchange, Inter-Connected Stock Exchange of India Ltd, Cochin Stock Exchange Ltd, Bangalore Stock Exchange Ltd and Ludhiana Stock Exchange Ltd are among the 18 regional bourses that have been granted approval to exit exchange operations.

Source: Mint September 01, 2016 21:32 UTC